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world stock market, us stock market
Begin part 3 of 3
THE PLAYS
New Post-Split Play:
Play Date: 06/30/2005
IMDC (Inamed--$67; +0.96; optionable): Medical appliances
http://biz.yahoo.com/p/i/imdc.html
STATUS: Cup. IMDC is moving higher on stronger volume, building the right side of its 19 week base. Used the 200 day SMA (61.28) as support for the pattern, an important institutional level. IMDC is moving into its split range again, but for now we are interested in the nice run higher that is forming the rest of the pattern. Looking to start positions on a further move upside with some good volume. Nice leader ready to complete the base that will take it to a new all-time high.
Volume: 866.25K Avg Volume: 763.947K
BUY POINT: $67.38 Volume=900K Target=$75.75 Stop=$65.22
POSITION: UZI JM - Oct. $65c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/imdc.html
New downside plays:
Play Date: 06/30/2005
FDX (Federal Express--$81.01; -1.79; optionable): Package shipping
http://biz.yahoo.com/p/f/fdx.html
STATUS: Put. Volumes are down all over the world with the shippers and FDX is not immune. It based in January and February but collapsed. It tested the 200 day SMA up over 90 in early June, failed, tested the 50 day EMA and failed, and now has tested the 10 day EMA (83.17) and is failing here. Ready to move in for a downside play on a continued drop. A move to the target lands us a 42%ish gain.
Volume: 2.719M Avg Volume: 2.058M
BUY POINT: $80.88 Volume=3.1M Target=$77.85 Stop=$81.77
POSITION: FDX TQ - Aug. $85p (-68 delta)
http://www.investmenthouse.com/cs/fdx.html
PRE-ANNOUNCEMENT PLAYS
Current Pre-Announcement Plays: This is a list of stocks we are looking to announce splits. We are not in all positions but are letting them set up for the next move. In each report we look at the candidates that are in the best patterns ahead of their potential announcements. This focus on leaders in good patterns allows us to make good money even if companies do not announce the split. The key with splits is the pattern.
AHS: Forecast 7-25-05
BEN: Forecast 7-28-05
CETV: Researching to pinpoint the date. Holding the 10 day EMA in a very tight range, and that often indicates a move higher coming.
CI: Tentatively forecast in early August. Still working up the 10 day EMA.
CTSH: Forecast 7-12-05. Still trying to form back up.
DNA: Forecast 7-6-05
ENR: Forecast 7-28-05
EQT: Forecast 7-28-05
EXBD: Forecast 7-24-05
FO: Forecast 7-22-05
GOOG: Forecast 7-21-05
GPN: Forecast 7-20-05
HOC: Forecast mid-August
IVGN: Researching to pinpoint a date.
IVX: Forecast 7-14-05
KSWS: Forecast 7-22-05. Looks as if it is going to make another move lower from the 50 day EMA. Not doing it.
LM: Forecast 7-21-05.
MON: Forecast 6-29-05. No split from this wildcard. Never gave us the good entry move, and it dove lower when its earnings were not up to the street's standards.
MRVL: Researching to pinpoint a date. Struggling to hold the 50 day EMA.
PHS: Researching next date as no split announced 6-17-05. Continuing the nice move up the 10 day EMA.
PNRA: Still working laterally above the 50 day EMA.
RYN: Forecast 7-26-2005
SHLD: Forecast 7-21-05
SIE: Forecast 7-25-05
STN: Forecast 7-28-05
TRMB: Forecast 7-21-05
TSCO: Forecast 7-13-05
URBN: Forecast 7-12-05
VLO: Forecast 7-14-05
WFMI: Forecast in late July.
YUM: Forecast 7-13-05
Full Write-ups: We do not cover all candidates in full in each report, but focus on those ready to make a move or are right at their forecast announcement date. This way we are focused on those stocks ready to make moves.
New Pre-Announcement Plays:
Play Date: 06/30/2005
GOOG (Google--$294.15; +1.43; optionable): Internet search, etc. Forecast 7-21-05 with earnings.
BACKGROUND: No splits. Some say GOOG is not going to split. On the other hand it conducted a dutch auction to give the little guy a shot at the IPO. Seems the head Googs would want to get the price back down, but they also want to beat Amazon's high over 500.
http://biz.yahoo.com/p/g/goog.html
After Hours: $293.89
STATUS: Test 10 day EMA. Looking for another quick run from GOOG as it shows a nice tight doji at the 10 day EMA (292.51) after it rallied to $310 and has made a nice test of that move. It can run fast when it gets started, and we are looking at another bump higher here to make some good money once more.
Volume: 15.104M Avg Volume: 13.503M
BUY POINT: $295.25 Volume=20M Target=$314 Stop=$291.25
POSITION: GGD IR - Sept. $290c (50 delta)
http://www.investmenthouse.com/cs/goog.html
Play Date: 06/30/2005
MHS (Medco Health Solutions--$53.36; -0.09; optionable): Drug stores. Forecast 7-26-05.
BACKGROUND: Has never announced a split but CVS in the same sector announced at this price level earlier this year.
http://biz.yahoo.com/p/m/mhs.html
STATUS: Cup w/handle. Very nice 12 week base has formed right on top of the 50 day EMA (51.67) as MHS readies for an all-time high. A new issue in August 2003. Nice run from August 2004 to April needed to consolidate. That is exactly what this base has done. Very nice pullback to the 18 day EMA (52.86) has formed the handle, shaking out the last sellers. Ready to make the break higher.
Volume: 1.698M Avg Volume: 1.957M
BUY POINT: $54.35 Volume=2.9M Target=$62 Stop=$52.66
POSITION: MHS JK - Oct. $55c (48 delta) or MHS JJ - Oct. $50c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/mhs.html
Continuing Plays: New buy point on a current position.
Play Date: 06/28/2005
ASH (Ashland--$71.87; +0.56; optionable): Oil and gas refining and marketing. Forecast 7-25-05
BACKGROUND: No splits in its history but this is the price many oil and gas stocks are popping off splits. Nice pattern to boot.
http://biz.yahoo.com/p/a/ash.html
STATUS: Ascending triangle. Starting higher the past two sessions off the 10 day EMA (70.59), getting some volume Thursday. The volume came after the close; it was nowhere near the final tally just before the bell. Looking to pick up some positions as it continued higher. To recap: ASH is tested the breakout from its 9 week triangle that formed using the 50 day EMA (68.29) as support. It has been edging up the 10 day EMA looking for a stronger breakout move. Volume started back up toward average Tuesday as ASH held the 10 day and posted a modest gain. Solid money flow. Just looking for a strong price and volume move higher to open a position.
Volume: 1.038M Avg Volume: 1.126M
BUY POINT: $71.11 Volume=1.2M Target=$79.98 Stop=$69.31
POSITION: ASH JN - Oct. $70c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/ash.html
Play Date: 06/22/2005
POT (Potash--$95.58; -1.07; optionable): Nonmetallic minerals mining. Forecast to announce a split 7-28-05.
http://biz.yahoo.com/p/p/pot.html
STATUS: Breakout test. Still in the breakout test, holding the 18 day EMA (94.79) on continued below average volume. Started to move higher Thursday but could not hold the gains. Still solid and just being patient as we wait for that high volume rally. To recap: POT blasted higher a week back, breaking out of a 14 week cup with handle base sporting solid 4 to 3 accumulation when it increased its earnings guidance. It rallied to 106 and then tested the move, coming back to tap at the 10 and 18 day EMA on lower, below average volume. Strong money flow and a relative strength breakout. Looking to move in as it continues higher.
Volume: 293.8K Avg Volume: 469.981K
BUY POINT: Aggressive: $97.05 (orig. $98.48) Volume=719K Target=$108 Stop=$95.45
POSITION: POT IT - Sept. $100c (49 delta)
http://www.investmenthouse.com/cs/pot.html
Play Date: 06/14/2005
WFMI (Whole Foods Market--$118.21; -1.28; optionable): Organic foods stores. Potentially an announcement in late July but WFMI has talked about letting the price run which it has done.
BACKGROUND: Last announced a 2 for 1 split on 5-10-01 in conjunction with a board meeting. The stock price was $50.40.
http://biz.yahoo.com/p/w/wfmi.html
After Hours: $118.19
STATUS: Test breakout. WFMI continues moving laterally in a small triangle, consolidating the breakout and rally from May. Making higher lows below a constant top near 120. A market leader and looking to add positions on a strong move through the buy point.
Volume: 528.924K Avg Volume: 889.087K
BUY POINT: New: $120.35 (orig. $118.65) Volume=1.2M Target=$129 Stop=$116.15
POSITION: FMQ KD - Nov. $120c (45 delta) &/or Stock
http://www.investmenthouse.com/cs/wfmi.html
PRE-SPLIT PLAYS:
Play Date: 06/16/2005
USPI (United Surgical--$52.08; -0.61; optionable): Specialized health services. Splits 3:2 on 7-18-05
http://biz.yahoo.com/p/u/uspi.html
After Hours: $52.16
STATUS: Breakout test. Low volume test of the 10 day EMA (51.94) Thursday is setting up the move higher and giving us a better entry point. Being patient and letting it finish the pullback and then show us a volume move higher. To recap: USPI has tested the strong late May and early June move. It was a bit rocky, but held the 18 day EMA on the close on very low, below average volume. Money flow continues moving higher ahead of the stock even as it eases back and tests the move. Held 50 as we wanted and now looks ready to move. Really like that money flow.
Volume: 147K Avg Volume: 297.035K
BUY POINT: $52.55 Volume=400K Target=$59.95 Stop=$50.97
POSITION: QPJ KK - Nov. $55c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/uspi.html
POST-SPLIT PLAYS:
Play Date: 06/28/2005
ODP (Office Depot--$22.84; -0.07; optionable): Office supplies
http://biz.yahoo.com/p/o/odp.html
STATUS: Cup w/handle. Moving laterally on average volume as ODP holds the Tuesday gain while the market sells. A good sign of strength but may come back to the 10 day EMA (22.50) before it starts back up given the weak market. To recap: Nice volume surge Tuesday as ODP starts the breakout move from a sweet little 14 week base. Solid 3 to 2 accumulation set up the breakout and now it is following through. Relative strength is ready to make the breakout as well as support for the breakout. A frequent splitter back in the early 1990's and then one in 1999. It is due. Even if it was not it is a very nice pattern moving for a 6 year high. After this test it will be ready.
Volume: 1.905M Avg Volume: 2.266M
BUY POINT: $23.21 Volume=2.5M Target=$27.45 Stop=$22.12
POSITION: ODP JX - Oct. $22.50c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/odp.html
Play Date: 06/27/2005
SM (Saint Mary Land & Exploration--$28.98; +0.36; optionable): Independent oil and gas
http://biz.yahoo.com/p/s/sm.html
STATUS: Breakout test. Started higher Thursday off the 18 day EMA (28.19) on rising though still below average volume. Good test and just want to see some more volume as it continues higher. To recap: SM has made the first breakout test from its 14 week cup base. Solid money flow is helping it make the move to a new all-time high. Looks ready to make its move.
Volume: 349K Avg Volume: 399.125K
BUY POINT: $29.11 Volume=450K Target=$33.32 Stop=$27.72
POSITION: SM KY - Nov. $27.50c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/sm.html
Good Investing!
Jon L. Johnson and the Stock Split Report Staff.
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners of Online Investment Services, LP or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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world stock market
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